Hall Financial Advisors explains how the Federal Reserve's interest rate cut will affect consumers

Hall Financial Advisors explains how the Federal Reserve's interest rate cut will affect consumers

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PARKERSBURG, WV (WTAP) – Last week the Federal Reserve announced it was cutting its benchmark interest rate by half a point.

This is the first cut in more than four years and the first since the Covid-19 pandemic.

This was only the second time federal interest rates were cut since 2008.

Check out the interview with financial advisor Kevin Knabb of Hall Financial Advisors at the top of this article to learn more about how this interest rate cut could help your financial situation.

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